Acadian Asset Management Inc. (NYSE:AAMI) Receives $45.67 Average PT from Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $45.6667.

A number of analysts have issued reports on the company. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday. Finally, Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $44.84 on Wednesday. The company has a market cap of $1.60 billion, a P/E ratio of 18.92 and a beta of 1.42. The stock’s 50-day moving average is $45.96 and its 200-day moving average is $41.58. Acadian Asset Management has a 52-week low of $22.60 and a 52-week high of $54.99.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Acadian Asset Management’s dividend payout ratio (DPR) is 1.69%.

Hedge Funds Weigh In On Acadian Asset Management

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management in the second quarter worth $31,000. GAMMA Investing LLC acquired a new stake in Acadian Asset Management during the second quarter worth $37,000. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management in the 2nd quarter valued at $44,000. Finally, CWM LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

About Acadian Asset Management

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.